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The number of indemnity claims reported during the 2017 policy year (1st June 2017 to 31st May 2018) is lower than in the previous year. This is the third consecutive reduction in the number of

International Transport Intermediaries Club (ITIC) has warned against the dangers of marine service providers informally offering advice which falls outside the scope of their contracts. ITIC cites

To see the article as it appears in Insurance Day, please click here Benchmarking legal costs There is a danger cover levels purchased a decade ago by those in the shipping industry may now prove

In a recent case underscoring the essential nature of precise cost estimation in maritime logistics, ITIC (International Transport Intermediaries Club) has settled a US$140,000 claim resulting from

After the conclusion of a voyage, various owner’s claims were submitted by the shipbroker to the charterers within the time allowed (including the costs of shifting, cleaning and demurrage). However

FONASBA and BIMCO have recently published a new agreement for use by ship agents. The agreement is intended to cover one-off port calls and sets out the parties’ obligations in a short and simple

A yacht manager was contracted to provide crew management and ISM consultancy for a superyacht. Although the manager was not contracted to provide technical management, the owner sought their advice

ITIC insures over 70 P&I club correspondents globally. We are aware that at least one International Group club is considering that all their correspondents obtain professional indemnity

A yacht manager was contracted to provide crew management and ISM consultancy for a superyacht. Although the manager was not contracted to provide technical management, the owner sought their advice

ITIC has appointed Tom Irving as its new Chief Executive Officer (CEO) during its Annual General Meeting earlier this month. Irving is taking over from ITIC’s long serving Stuart Munro, who is